India to rival China, US in defence spending over next 30
years: Report
03/07/2014 13:21
According to a PTI report, a study by the UK government has shown that India’s defence spending may increase significantly in the coming years, with Asia’s third biggest economy’s defence budget set to match that of the US and China over the next 30 years.
A publication by Britain’s Defence Ministry, the ‘Global Strategic Trends-Out to 2045’ said that China’s defence spending may match that of the US over the next 30 years, with India’s defence budget also tipped to see a massive increase in the next three decades.
China and the US are likely to account for nearly half of the world’s total defence spending by 2045, the report said.
"Chinese defence expenditure is likely to rival that of the US over the next 30 years, reflecting China's growing economic strength. These two global powers are likely to spend far more on defence than any other country, accounting for almost half of the world's total defence spending by 2045. India's defence budget could see it occupying a 'second tier' by 2045," the report said.
"Additionally, China, India and the US are likely to lead in defence-related research and development - urther enhancing their military capabilities," it added.
“Although India is likely to spend more on defence than the UK, it will almost certainly have to overcome domestic political issues and improve the way it invests to attain the capabilities needed to project conventional military power globally," the report added.
03/07/2014 13:21
According to a PTI report, a study by the UK government has shown that India’s defence spending may increase significantly in the coming years, with Asia’s third biggest economy’s defence budget set to match that of the US and China over the next 30 years.
A publication by Britain’s Defence Ministry, the ‘Global Strategic Trends-Out to 2045’ said that China’s defence spending may match that of the US over the next 30 years, with India’s defence budget also tipped to see a massive increase in the next three decades.
China and the US are likely to account for nearly half of the world’s total defence spending by 2045, the report said.
"Chinese defence expenditure is likely to rival that of the US over the next 30 years, reflecting China's growing economic strength. These two global powers are likely to spend far more on defence than any other country, accounting for almost half of the world's total defence spending by 2045. India's defence budget could see it occupying a 'second tier' by 2045," the report said.
"Additionally, China, India and the US are likely to lead in defence-related research and development - urther enhancing their military capabilities," it added.
“Although India is likely to spend more on defence than the UK, it will almost certainly have to overcome domestic political issues and improve the way it invests to attain the capabilities needed to project conventional military power globally," the report added.
